What is the name of your state? Missouri
My parents put a trust together in Illinois in the 90's. My father passed away and I have helped my mom amend the trust to add thier home and other assets that were not named in the original trust (not updated). After having the amendment notorized I noticed the original trust has the statement, "The Declaration of the Trust shall be administered and interpreted in accordance with the laws of the state of Illinois." Can I amend the trust to be administered through the state of Missouri without rewriting it? If I'm correct the work involved in drawing up a new trust because of the state change would be huge because everything would have to be renamed in the "new" trust. All assets are already set up with the trust name. Any advice is appreciated.What is the name of your state?
My parents put a trust together in Illinois in the 90's. My father passed away and I have helped my mom amend the trust to add thier home and other assets that were not named in the original trust (not updated). After having the amendment notorized I noticed the original trust has the statement, "The Declaration of the Trust shall be administered and interpreted in accordance with the laws of the state of Illinois." Can I amend the trust to be administered through the state of Missouri without rewriting it? If I'm correct the work involved in drawing up a new trust because of the state change would be huge because everything would have to be renamed in the "new" trust. All assets are already set up with the trust name. Any advice is appreciated.What is the name of your state?